Invinity Energy Systems Share Discussion Threads

[mikemine1] 10/4/2024 10:03

JakNife, I'm not here to convince you about my priorities or anything else come to that. This is just a comments board where we can throw ideas and opinions around. My post did actually say that IES needs more money. In the scheme of things a job advert for a single position is not very note worthy but, in the absence of other news, it's all we've got to comment on and the inference I observed I opinionated on.

[jaknife] 10/4/2024 09:25

mikemine1,

So what you're saying is that you place greater weight on a one-line job advert than a fundamental rigorous financial analysis which reveals that, for the umpteenth time, IES need to place to raise funds (which has historically always been done at a discount to the prevailing share price).

I'm not convinced that you've got your priorities right.

JakNife

[mikemine1] 10/4/2024 09:15

JakNife, I did read that and I'm bearing that in mind but we are not privy to what is going on in the background.All I'm saying is the advert points to either expansion or a replacement, not a contraction which we might have been expected if things were dire. IES does need more money and we should be hearing about that shortly. It's so frustrating that they've missed their announcement date yet again. Not great.

[jaknife] 10/4/2024 09:05

mikemine1,

"Doesn't sound as if they have financial concerns."

Have you read the accounts? The bit that starts:

==================
In assessing going concern the Directors have also prepared a severe but plausible downside scenario which forecasts delivery of existing and future sales being made during 2024 being delayed beyond June 2024 and forecasted margins not being achieved, and the Short-Term warrants not being exercised. Under this scenario the Group would exhaust all available cash by April 2024 and it will be necessary to raise further funding within the next 12 months in order to continue trading and deliver on the strategic objectives.
==================

From:

Because Invinity is a loss-making cash-guzzler it needs to place on a regular basis to raise funds. Once again we are at that moment and await news of the latest placing!

JakNife

[megaman2] 10/4/2024 08:56

Because they put an add for a few jobs ..flimsy imo..hardly the sign of great expansion is it ..they have ran out of money if you read the Rns probably already ..
Check the sp

[mikemine1] 10/4/2024 08:40

Doesn't sound as if they have financial concerns.

[hope1815] 10/4/2024 08:26

On this basis Invinity Energy Systems continues to expand its operational base within the UK with the lastest job advert-

Field Service Manager- London

What was interesting it is UK based and Intertional travel said it was uncommon.

[megaman2] 10/4/2024 07:02

Yes also they are now close to the wire on cash or even potless with delayed lodes and USA contracts factored in to financing to H2..any investor now has ies over a barrel..that's presuming there is one ..a scenario I don't really want to consider but heavy pressure now on share price .

[tom_w3] 09/4/2024 17:29

From the conversation I had with an Invinity rep they stressed the 'approximate' nature of the estimated timeframes and whilst the final conclusion of any agreement is only partly in their hands it sounded like it 'approximately' allows for another couple of weeks grace

[gbcol] 09/4/2024 17:19

It’s difficult to believe (and accept) that they continue to set targets and timescales that they fail to meet. They really should learn this basic lesson. Why on earth say 4-6 weeks and then fail to hit it. Much of it may be out of their hands but it’s not a good trend and doesn’t give confidence that they are on top of things. They used to maintain a “under promise, over deliver” approach but hasn’t been like that for some time now.

Scheduled Mistral launch is not far off. We can only hope that they get that done on time although that could all be connected with prospective strategic partners, as could LODES and/or US DoE projects. It’s all guesswork until they get something nailed down and hence the share price is where it is.

[vatnabrekk] 09/4/2024 16:36

The 6 weeks was up yesterday!

[megaman2] 09/4/2024 15:41

Ideally the delay in lodes and USA contracts are linked into 2 strategic investors who are somehow related parties to these transactions and there is realistic expectation that this won't just be another rinse and repeat dilution until next year where after delays another round of funding is required ..

Maybe wishful thinking ..

[marktime1231] 09/4/2024 13:36

I wonder if we are going to get another of those "we understand shareholder disappointment that things aren't moving as fast as hoped" updates inviting us to sympathise with the board.

[megaman2] 09/4/2024 12:50

There is a need here for more transparency to shareholders. What's the royalty fee paid to invinity by evendura. Folk need to know that to see what the potential is here.

If that's the model moving forward . How much can invinity make ? What will break even be ?

They are targeting 255 mwh over 3 years what's that $150 mill in sales ?? What's the royalty ?? 3% ? 5% ? 7% ?

The company know but are unwilling to share that info as it stands . We own the company it's info that should be made available ..I bet you the institutional investors are given the low down .

Let's say it's 5 % that's $2.5 mill per annum if they hit their target ...going to need multiple deals just to break even with $8 mill in payroll if this is the model moving forward ..

[doctorbgreg] 09/4/2024 12:50

Still have faith in the future of this company and still feel the risk reward is in the favour of the brave here. I do find it rather incredulous to voluntarily put a timeframe on a funding deal unless absolutely certain you can achieve it. If you don’t achieve it, this market will punish. I’ve bought a bit more (yesterday) and relatively confident of some good news in the coming weeks; must admit I am greatly disappointed by the own goal.

[robertspc1] 08/4/2024 15:06

Well they have never hit a deadline yet so not surprised about the lack of news on the strategic investment. Think will be a deal before too long. US player most likely imho

[owenski] 08/4/2024 14:20

Its just not a joined up energy policy is it.

[owenski] 08/4/2024 13:19

Was watching an item on BBC about solar farm deployment in UK, huge infrastructure developments are being planned, absolutely zero mention of any storage facility, some of the examples shown of current solar farms are plugged straight into the grid.

Not encouraging for the storage sector though.

[gerd212] 08/4/2024 12:56

The UK’s foremost battery storage fund has raised concerns regarding the underutilisation of battery technology within the country’s electricity system, warning of potential repercussions for investment and carbon reduction targets.

Ben Guest, Managing Director of Gresham House’s new energy division, emphasised to the Financial Times that National Grid is underutilising existing battery storage, despite its crucial contribution to decarbonisation efforts.

This underutilisation, Mr Guest noted, not only jeopardises investment in battery solutions but also hampers the UK’s commitment to achieving net zero carbon emissions by 2050.

The battery storage sector faces additional challenges, including declining power prices and heightened competition resulting from increased capacity.

These factors have impacted revenues and share prices for battery developers.

[guppygould] 08/4/2024 12:32

It looks like the market isn't counting on it! Maybe after trading has finished?

[vatnabrekk] 08/4/2024 11:01

I wonder if we'll get an update on the strategic investment today?

[mikemine1] 08/4/2024 09:10

I've had a brief look but, not having a scientific background, stopped looking at the figures. What I did get was the analysis seems to have taken most of the technical data from laboratory testing. How this pans out in real life I have no idea. There seems to be no mention of individual performances and no mention of Mistral or any other next generation battery. I can't remember the improved performance figures on Capex and Opex but I'm sure megaman2 will compare those. Over the longer term VFBs look attractive and of course there is the safety and recyclability aspects which are favourable. Considering the amount of renewables there are around the world, the amount of accompanying storage is laughable so there is a huge market out there.Overall though, the report looked positive for VFBs. Lithium is still the cheapest to install but we already knew that

[owenski] 08/4/2024 08:54

Their last actual sales announcement was in Oct, 23 - over 6 months ago. That's a bit sobering.
Still a reality check that its over a year now and they still haven't announced a partner on LODES.

As said before, it does seem like there's a hiatus on sales, possibly for solvency reasons until they are appropriately funded and - more likely, irrespective of what they say about small project V3 use - the punters are waiting for Mistral launch.

They're running late on their financial partner news, don't doubt they'll announce something, but dilution for the stock is very likely.

Even with Mistral announced, the sales wont crank up on the same day, suspect this'll need funding for another couple of years. Not an attractive business model either.

Definitely easier 'working' stock ideas out there to make money on, this aint one of them, sales pipeline is glacial.

[megaman2] 08/4/2024 07:20

A research paper by some academics on techno economic assesment of future of vfrb..

Highly pertinent to our investment here .

I suppose I will have to read it at some point just this morning I don't have the will. If I read it I will share what I think it are the salient points.